Mayaleh: News on Printing SYP 2,000 Banknotes Baseless

Syria denied media reports that it intended to print SYP 2,000 banknotes, branding them ''part of the conspiracy against Syria which aims to undermine the Syrian economy, spread concerns and discredit the Syrian currency.''

Syria disproved media reports on printing banknotes of SYP 2,000 branding them as  ''categorically baseless.”

 

In a statement to SANA, the Governor of the Central Bank of Syria Dr. Adib Mayaleh said that news broadcast by media outlets on printing banknotes of SYP 2,000 is ''categorically baseless, and is part of the conspiracy against Syria which aims to undermine the Syrian economy, spread concerns and discredit the Syrian currency.''

 

Mayaleh warned the citizens from dealing with fake currencies and urged them to tip off the authorities, adding that only banknotes of 50, 100, 200, 500 and 1,000 Syrian pounds are in circulation.

 

Mayaleh indicated that the Central Bank of Syria will undertake the necessary procedures to bring back the exchange rate to balanced levels and curb the manipulation of the exchange rate in the black market, assuring that the ''Syrian pound is stable.''

 

He added that the Bank had all necessary tools to secure the pound exchange rate, adding that agreements with Iran were signed during the past couple of days granting a credit facility valued of USD 1 billion to finance the import of goods to Syria and for investment projects.

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